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Roofing Underlayment Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | DowDuPont, Atlas Roofing Industries Inc., Monier Roofing Pvt Ltd., Carlisle Companies Incorporated
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2692The Business Research Company offers in-depth market insights through Roofing Underlayment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The roofing underlayment market size has grown strongly in recent years. It will grow from $26.64 billion in 2023 to $28.19 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to residential and commercial construction, roofing material advancements, weatherproofing and moisture control, building codes and regulations, roof repair and maintenance, eco-friendly and sustainable underlayment materials..
The roofing underlayment market size is expected to see strong growth in the next few years. It will grow to $35.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to energy-efficient roofing systems, impact-resistant underlayment materials, smart roofing underlayment solutions, adoption of green and cool roofing, retrofitting and renovation projects, aging building infrastructure.. Major trends in the forecast period include self-adhesive and peel-and-stick underlayment, synthetic and high-performance underlayment materials, solar-integrated roofing underlayment, digital monitoring and remote diagnostics, underlayment with fire-resistant properties, drone-assisted roof inspections..
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Market Segmentation:
The main installation methods in the roofing underlayment market are self-adhesive and mechanically attached. Self-adhesive roofing underlayments are used to protect houses from environmental hazards such as water and snow without the need for external adhesive. Self-adhesive underlayment has an adhesive layer already applied so that there is no need for external adhesive and the installation process is shortened. The different barrier property types include water-resistant and waterproof and involve several products such as asphalt-saturated felt, rubberized asphalt, and non-bitumen synthetic. The various types of applications include residential construction, commercial and non-residential construction.
Major Driver - Construction Industry Growth Fuels Roofing Underlayment Market Expansion
The growth in the construction of both residential and non-residential buildings is expected to propel the growth of the roofing underlayment market going forward. Construction refers to the assembly and erectio*n of structures that provide shelter for residential or business purposes. Roofing underlayments are used in all residential and commercial buildings and act as a barrier between the framing materials and the top layer of shingles in the construction of roofs to help protect from water leaks. For instance, according to the American Institute of Architects, a US-based professional membership organization for architects, in 2022, non-residential building construction is expected to increase by 5.4% and is expected to reach 6.1% by 2023. Also, the U.S. Census Bureau, a US government agency, stated that monthly residential construction activities increased in 2022. Therefore, growth in the construction industry is driving the growth of the roofing underlayment market.
Competitive Landscape:
Major companies operating in the roofing underlayment market include DowDuPont, Atlas Roofing Industries Inc., Monier Roofing Pvt Ltd., Carlisle Companies Incorporated, CertainTeed Corporation, GAF Materials Corporation, Owens Corning, Johns Manville, Duro-Last Inc., MFM Building Products Corp., Polyglass USA Inc., TAMKO Building Products Inc., IKO Industries Ltd., VaproShield LLC, Braas Monier Building Group Services GmbH, Grace Construction Products, Soprema Group, Firestone Building Products, Garland Industries Inc., Siplast Inc., Sika AG, Sarnafil Inc., Boral Limited, Mule-Hide Products Co. Inc., Protecto Wrap Company, Rmax Operating LLC, Tarco Roofing Materials Inc., InterWrap Inc., Novia Ltd., Polyguard Products Inc.
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Top Trend - Technological Advancements Drive Innovation In Roofing Underlayment Market
Technological advancements are a key trend gaining popularity in the roofing underlayment market. Major companies operating in the roofing underlayment sector are focused on technological innovations to meet consumer demand and strengthen their position. For instance, in November 2021, Boral Roofing, a US-based manufacturer of roofing products and construction materials, launched Sol-R-Skin Blue roofing underlayment, which had unique UV protection and glare coating features. It helps to protect the house from UV rays and improves energy-saving capabilities with the barrier aluminum surface that reflects heat and a fiberglass mat that further improves heat resistance. This also has features of waterproofing and insulation capabilities.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Roofing Underlayment Market Characteristics
3. Roofing Underlayment Market Trends And Strategies
4. Roofing Underlayment Market - Macro Economic Scenario
5. Roofing Underlayment Market Size And Growth
…..
27. Roofing Underlayment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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